Asking prices for houses in Britain resumed their upward trend this month as buyer demand far outstripped the supply of houses coming to the market, a survey showed on Monday. Real estate website Rightmove said asking prices rose by 0.3% in its September survey to reach a new record high of 338,462 pounds ($466,671), reversing a 0.3% drop in early August. Overall the survey added to signs that the housing market has retained some of its upward momentum even after the gradual withdrawal of temporary tax breaks on property purchases.
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The U.K. housing boom is showing signs of stabilizing, with a 14% increase in the number of properties listed for sale in the first two weeks of September.The figures from the property-search website Rightmove showed asking prices rose 0.3% this month, leaving them 5.8% higher than a year earlier. That lifted the average listed cost of a home to 338,462 pounds ($396,000), just 15 pounds